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John M. Quigley
''Monetary Policy and Homeowner Mobility: The Effect of Mortgage interest Rates''
( 2001, Vol. 4 No.1 )
This paper tests the "lock-in" effect of mortgage contract terms and establishes the link between changes in market interest rates and homeowner mobility. The analysis is based on the Panel Study of Income Dynamics during 1990-1993, when mortgage interest rates declined by almost 30 percent
JEL: D1 - Household Behavior: General
J6 - Mobility, Unemployment, and Vacancies: General
Manuscript Received : Mar 06 2001 Manuscript Accepted : Mar 07 2001

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